Page 4 - AsiaElec Week 28 2021

AsiaElec CARBON CAPTURE AsiaElec

Sinopec launches CCUS projects

CHINA STATE-OWNED Sinopec has unveiled two new research and demonstration projects under
carbon capture, utilisation and storage (CCUS) its belt, with the company noting that it would
projects as it strives to achieve carbon neutrality capture about 1.3mn tonnes of CO2 this year,
by 2050. with 300,000 tonnes of that to be used to boost
Asia’s largest refiner said this week that it had enhanced oil recovery (EOR) applications.
launched construction of China’s first 1mn tonne The company said it had 2.5bn tonnes
per year (tpy) CCUS project in Shandong Prov- (18.33bn barrels) of petroleum geological
ince and that it was slated to come online later reserves suitable for CEO2 flooding and the
this year. CCUS industry’s prospects were promising.
The development will see Qilu Petrochemi- Sinopec said the Qilu Petrochemical-Shengli
cal’s refinery capture the CO2 during hydrogen Oilfield project would help deepen the compa-
production before sending the gas to Shengli ny’s technical expertise and facility the develop-
Oilfield for injection into 73 oil wells. The pro- ment of other large-scale CCUS projects in the
ject is projected to sequester 10.68mn tonnes of country.
CO2 over the next 15 years, while boosting crude The refiner also said this week that it intended
oil production by nearly 3mn tonnes (22mn to set up a demonstration project in Jiangsu
barrels). Province that will be spearheaded by Jiangsu
Sinopec expects the project not only to help Oilfield, Jinling Petrochemical and Nanjing
contribute to the country’s carbon emission Refinery.
reduction goals but also to help build China’s According an agreement between the three
“artificial carbon cycle”. subsidiaries, Nanjing Refinery will build a new
While China has committed to reaching peak 100,000 tpy CCUS facility and associated facili-
emissions by 2030 and carbon neutrality by 2060, ties, Jinling Petrochemical will provide CO2 and
Sinopec has set its own goal of reaching these tar- Jiangsu Oilfield will research the application of
gets by 2025 and 2050 respectively. CO2 flooding.™
Sinopec already has a number of CCUS

P4 www. NEWSBASE .com Week 28 14•July•2021